the mif blog

Stories of inspiring entrepreneurs and organizations, discussion and commentary of new trends in private sector development, and the latest events and publications.

Some say bank branches are doomed; is traditional banking on its way out?

By Maria Luisa Hayem

In my recent visits to two branches of two major banks in the United States, I witnessed the discontent of bank clients waiting to be served by a single teller. The rest of the teller windows seemed abandoned.

A big step toward the first social impact bond in the developing world

By Zachary Levey

Over the last decade, Latin America and the Caribbean have seen unprecedented development gains. Over 60 million people escaped poverty and over 100 million people entered into the middle class. For the first time in the history of the region, there are more people in the middle class than in poverty.

Local Economic Development: A valid approach to achieve the new Sustainable Development Goals

By Guest

By Monica Romis and Monica Muñoz*

With the opening message from the Pope and the participation of the United Nations Secretary-General Ban Ki-moon, the Third World Forum of Local Economic Development ended on Friday, October 16, after four days of intense discussions and debates. The Forum, co-organized by the City of Turin, United Cities and Local Governments (UCLG), Andalusian Fund of Municipalities for International Solidarity (FAMSI), Organization of United Regions (ORU FOGAR), Brazilian Service of Support for Micro and Small Enterprises (SEBRAE), International Labor Organization (ILO) and United Nations Development Program (UNDP), included 3 plenary sessions, 29 panels, 26 workshops, an Arena space dedicated to the presentation of best practices and ongoing initiatives, along with other initiatives organized in parallel to the Forum’s celebration

The Future of Financial Inclusion

By Sergio Navajas

In the last week of October 2015, the MIF’s annual Foromic conference took place in Santiago, Chile. This is the region’s largest gathering on financial inclusion—with over 1,300 participants, it is a must-attend for financial industry managers, government officials, investors, donors, consultants, and other stakeholders. It provides the ideal backdrop to discuss the future of financial inclusion.

3 reasons why behind every great entrepreneur there is a great mentor

By Guest

By Luz María de la Mora Sánchez, Founder, Vital Voices Mexico

There’s a saying that “behind every great man, there’s a great woman,” and without a doubt, behind every great entrepreneur there’s a great mentor. One of the most effective ways to develop and grow a business is by seeking the advice of a mentor who has lived through the good, the bad, and the ugly of the entrpereneurial life, and who is willing to share his/her knowledge with less experienced entreprenueurs to make their business experience easier.